BitcoinForex (SPOT)

Bitcoin ($BTC): Updates Analysis & Forecast

  

Today we go back to looking at Bitcoin ($BTC), even if our latest analysis still seems to be correct, it could be interesting to add some elements especially after the dynamics of the dollar. Having said that, we continue to follow the daily chart and from a technical point of view we don’t see any changes unfortunately, so both scenarios still remain valid. As we can see on the chart, the Price Action still remains within our resistance area, and we don’t rule out the possibility of a consolidation around 29.5k. Technically speaking, as long as we stay above 26,750 the pressure remains bullish and could only explode with a rally above the upper side of the resistance area.

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